Noratis AG

Earnings Release • Sep 29, 2017

News Details

Ad-hoc | 29 September 2017 12:09

Noratis AG publishes profit forecast for fiscal year 2017 – company expects pre-tax profit before IPO costs of around EUR 13.5 million

Noratis AG / Key word(s): Forecast/Real Estate

Noratis AG publishes profit forecast for fiscal year 2017 – company expects pre-tax profit before IPO costs of around EUR 13.5 million

29-Sep-2017 / 12:09 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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Public disclosure of inside information in accordance with Article 17 MAR

Noratis AG publishes profit forecast for fiscal year 2017 – company expects pre-tax profit before IPO costs of around EUR 13.5 million

Eschborn, 29 September 2017 – Die Noratis AG (ISIN: DE000A2E4MK4, WKN: A2E4MK) anticipates consolidated profit before tax of around EUR 13.5 million before the deduction of IPO costs for fiscal year 2017 based on planned consolidated revenue of around EUR 65 million.

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Information and Explanation of the Issuer to this News:

Noratis AG ( www.noratis.de ), located in Eschborn near Frankfurt, is a dynamically growing portfolio developer of residential real estate. The company purchases properties with development potential across Germany, mostly employee dwellings and housing estates built from the 1950s to 1970s in cities with more than 10,000 inhabitants or on the outskirts of conurbations. After acquisition, Noratis significantly enhances the value of the properties and subsequently sells them in block sales or individually as condominiums. This strategy enables Noratis to conserve and offer affordable housing for tenants with medium and small incomes. Since 2014 alone, Noratis has successfully completed 15 projects comprising more than 1,500 residential units. The company generated revenues of EUR 44.6 million in fiscal year 2016 and has grown at an annual average of 63% since 2014.

Investor relations contact:

edicto GmbH

Axel Mühlhaus/ Dr. Sönke Knop

Eschersheimer Landstrasse 42

60322 Frankfurt

Phone: +49 69 905505-52

E-mail: noratis@edicto.de

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29-Sep-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.dgap.de

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Language:	English
Company:	Noratis AG
	Hauptstraße 129
	65760 Eschborn
	Germany
Phone:	+49 (0) 69 / 170 77 68 20
E-mail:	info@noratis.de
Internet:	www.noratis.de
ISIN:	DE000A2E4MK4
WKN:	A2E4MK
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt

End of Announcement	DGAP News Service